Universität Wien

040319 VO Economic Psychology (MA) (2024S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Moodle

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Details

Sprache: Englisch

Prüfungstermine

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Freitag 01.03. 13:15 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 15.03. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 22.03. 13:15 - 14:45 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 12.04. 13:15 - 14:45 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 19.04. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 03.05. 13:15 - 16:30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Freitag 17.05. 13:15 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 24.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 31.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 07.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 14.06. 13:15 - 16:30 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This lecture gives an introduction to economic psychology. We cover:
1. The development of economic thought with respect to psychology: Difference between economic psychology and behavioral economics. In what aspect psychology informs economics, historical milestones in the development of economics with respect to behavioral/psychological insights.
2. How preferences and values are constructed: Psychological approaches advance the idea that preferences are constructed on the spot and are susceptible to context, circumstances that give fertile ground for constructed preferences, regularities of constructed preferences, decoy and compromise effects, coherent arbitrariness.
3. The decision under uncertainty and ambiguity aversion: Prospect theory, Ellsberg-paradox, and their consequences in judgment and decision-making.
4. Choice over time: Challenges of standard discounted utility and their remedies. Hyperbolic discounting, present-biased behavior. Dynamic inconsistency. Self-control.
5. (Mis)predicting future taste and utility: Regularities in people’s inability to correctly predict their future preferences and tastes and the practical and daily consequences of these behaviors.
6. Choice architecture: An overview of behaviorally informed public policy. Rationales and tools for interventions relying on behavioral regularities. Reviewing some basic success on using nudges to beneficially change behavior.

Art der Leistungskontrolle und erlaubte Hilfsmittel

Written exam in the classroom.
- 20 Points total
- 11 Points to pass

Mindestanforderungen und Beurteilungsmaßstab

Minimum 11 Points to pass.

Prüfungsstoff

PLEASE NOTE: IT IS NOT ENOUGH THAT YOU ARE SIGNED UP FOR THE COURSE. TOWARDS THE END OF THE SEMESTER, YOU MUST ALSO SIGN UP FOR AN EXAM DATE. WE CANNOT GRADE THOSE STUDENTS WHO DID NOT SIGN UP FOR THE EXAM.
Lectures
E-Learning (Moodle)

Literatur

Recommended but not mandatory (!!) readings will be announced in the lectures. These are mostly journal articles and book chapters that are nontrivial to process and hence, not required to read. However, the exam will not exceed the material from the slides. This means that you really need to understand what is on the slides. When, however, something is unclear please email me. I respond to your question asap and rediscuss the focal issue at the next class. Should it still be unclear, please ask for a personal appointment.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mi 31.07.2024 11:25